Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 7.4, Problem 2ST
To determine

What causes a rise in real GDP.

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Why do you think that GDP does not grow at a steady rate, but rather speeds up and slows down?
If you read in the newspaper that the United States’ 2015 real GDP declined while nominal GDP for 2015 grew, how could you explain this?
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